Linuxcare, Inc. (LXCR) Message Board

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Technology Stocks : Linuxcare, Inc. (LXCR)

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To: Michael Powers who wrote (5)	2/28/2000 11:37:00 PM
From: Glenn Petersen	Read Replies (1) of 17

LXCR has set the initial pricing for the IPO: biz.yahoo.com Monday February 28, 6:16 pm Eastern Time Linuxcare sets IPO at 4.5 mln shares, $13-$15/shr WASHINGTON, Feb 28 (Reuters) - Linuxcare Inc., provider of services for the Linux operating system, said on Monday it plans to sell 4.5 million shares for between $13-$15 a share in its initial public offering. The company plans to net $56.6 million from the offering to be used for working capital, funding operating losses, expanding its information technology infrastructure and capital expenditures. The terms of the offering were revealed for the first in an amended prospectus filed with the Securities and Exchange Commission. After the offering there will be 30.2 million shares outstanding in the company, putting its initial market capitalization at about $422.8 million based on a $14 per share initial price, the midpoint of the price range. The underwriters, led by Credit Suisse First Boston, have been granted 675,000 extra shares in the event of heavy demand. Linuxcare has applied to list its shares on Nasdaq under the symbol ``LXCR' (NasdaqSC:LXCR - news) once it goes public.

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